Digital finance is a robust medium to broaden the access outside the financial services to other sectors, which includes agronomy, infrastructure, services, energy among others. People without a bank account are accessing the financial services via the digital medium. Several stakeholders are utilizing the cell phones along with a gamut of agents to provide simple financial services at better suitability and reduced cost against conventional banking. It is also known as “Branchless Banking”.
Greetings and welcome my radio listening audience and online article readers. On this 19th day of October 2012 we will of course be discussing future technology, future innovations, and futuristic concepts. Indeed, I surely hope the Mayan calendar was wrong, or perhaps those carving it merely ran out of stone simply, ran out of rock to chisel on, therefore the world will be saved from whatever it was that the Mayans thought might bring about a new age or renewal.
The advent of mobile telephony in Africa has been slow. The regulatory environment had stifled the growth by creating a bureaucratic red tape that was a hindrance to many mobile phone service providers from the developed world to invest in Africa. To them Africa was a risky place to do business. This was due to the many internecine conflicts that characterized the African nations after many states had gained autonomy from their colonial masters.